Marijuana Mega Merger: Aurora Cannabis Buys MedReleaf in $2.5B Deal

The deal comes two months before cannabis is expected to be legalized for recreational use in Canada, and is the latest in a wave of mergers in the industry as marijuana makers - emboldened by similar moves in Europe and a number of USA states - seek to cut costs and gain scale.

The boards of both companies have approved the transaction but the deal requires approval by at least two-thirds of MedReleaf shareholders and a simple majority of Aurora shareholders. "Our complementary assets, strategic synergies, and strong market positioning will provide us with critical mass and an excellent product portfolio in preparation for the adult consumer use market in Canada", Aurora chief executive Terry Booth said in a statement, reports Toronto City News. Aurora offered to buy all the MedReleaf shares for C$29.44, representing an 18.2 percent premium to MedReleaf's Friday closing price, according to Reuters. Markham, Ontario-based MedReleaf Corp.is an R&D-driven company dedicated to innovation, operational excellence and the production of top-quality cannabis.

IDF reveals pictures of Iranian targets struck in Syria
Israel , too, may feel emboldened by US President Donald Trump's decision this week to withdraw from the 2015 Iran nuclear deal . It said Iran's Islamic Revolutionary Guard Corps "bears full responsibility for the consequences of its reckless actions".

Neymar joining Real Madrid this summer would be "win-win for both parties", says fellow Brazilian and former Blancos star Robinho. Neymar said this season has been the least he's ever played, so he is rested for the World Cup that begins on June 14 in Moscow.

The company provided EPS guidance of $0.54-0.56 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.56. Following the sale, the chief accounting officer now owns 17,561 shares of the company's stock, valued at $1,369,406.78.

Real Madrid got the second goal from a Bale's screamer as the Welsh forward ran down the wing to score a brace for Los Blancos. Bale, Kroos and Luka Modric were among those that returned, but Cristiano Ronaldo again missed out for the European champions.

The next step is for a Host City Contract to be drawn up, ready for further analysis by the City Commission, before July 1st. He said: "There are so many races to go that it's pointless to talk about the fight for the championship".

At 7/4 this market is back as a strong play in IPL 2018, particularly in games like this where neither side can afford to lose. As was the case with Mumbai , Rajasthan too slowed down as the ball got softer and the boundaries were hard to come by.

Joe Lieberman applauds Trump on embassy move
Israel considers the entire city its capital, while the Palestinians see east Jerusalem as the capital of their future state. The State of Palestine seeks all of the West Bank, East Jerusalem and Gaza territories for an independent state.

SpaceX Falcon 9 Rocket launch successful
The rocket is slated to take off from SpaceX's launchpad at Kennedy Space Center in Cape Canaveral, Florida. The communication satellite is named Bangabandhu-1 after the country's founding father.

Kenyan police ordered to investigate burst Patel dam
The rain has been heavy this year and caused a lot of destruction and we are all casualties", said Jayakumar. Police say the move was necessary after locals raised fears that a similar tragic incident may happen again.